International Assets Investment Management LLC Grows Position in Marathon Oil Co. (NYSE:MRO)

International Assets Investment Management LLC increased its position in Marathon Oil Co. (NYSE:MROFree Report) by 3,253.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,362 shares of the oil and gas producer’s stock after buying an additional 174,013 shares during the quarter. International Assets Investment Management LLC’s holdings in Marathon Oil were worth $4,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRO. Norden Group LLC purchased a new position in shares of Marathon Oil in the first quarter valued at about $1,341,000. Private Advisor Group LLC raised its position in Marathon Oil by 11.0% during the 1st quarter. Private Advisor Group LLC now owns 41,726 shares of the oil and gas producer’s stock valued at $1,183,000 after purchasing an additional 4,138 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Marathon Oil by 24.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,308 shares of the oil and gas producer’s stock worth $3,580,000 after buying an additional 24,547 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Marathon Oil during the first quarter valued at approximately $109,000. Finally, Nordea Investment Management AB raised its holdings in shares of Marathon Oil by 4.8% during the first quarter. Nordea Investment Management AB now owns 430,339 shares of the oil and gas producer’s stock valued at $12,157,000 after acquiring an additional 19,647 shares in the last quarter. 77.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MRO. Susquehanna cut their price target on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Wells Fargo & Company cut their target price on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. StockNews.com assumed coverage on shares of Marathon Oil in a research note on Wednesday. They issued a “buy” rating for the company. Citigroup cut their price objective on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Scotiabank increased their target price on Marathon Oil from $27.61 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.12.

View Our Latest Stock Report on MRO

Marathon Oil Trading Down 1.6 %

NYSE MRO opened at $27.27 on Friday. The stock’s fifty day moving average price is $27.29 and its 200-day moving average price is $27.51. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. The stock has a market cap of $15.25 billion, a P/E ratio of 10.61 and a beta of 2.16. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06.

Marathon Oil (NYSE:MROGet Free Report) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.06). The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. As a group, equities analysts forecast that Marathon Oil Co. will post 2.41 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 1.61%. Marathon Oil’s dividend payout ratio is 17.12%.

Insiders Place Their Bets

In other news, insider Dane E. Whitehead sold 52,008 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at $2,750,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the sale, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total value of $1,430,220.00. Following the completion of the transaction, the insider now owns 100,000 shares in the company, valued at approximately $2,750,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Marathon Oil Company Profile

(Free Report)

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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